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LTCUSDT.P trade ideas

Brief Analysis——LTCVolatility in the market fell further over the weekend, with many tokens trading within a range. The brief analysis will continue to review the tokens analyzed in the past. What we choose today is DOT and LTC. As LTC approached its halving, the price turned from rising to falling. We conducted an analysis on LTC in late July. After this, LTC fell further, giving up most of the gains from the halving. Starting from Aug.15, consecutive long red candles broke through the original range downwards. While the volume is not amazing, the length of the candle is destructive. LTC turns bearish on a large scale. Afterwards, volatility decreases and price remain fluctuating. Bulls strengthened in the process to prevent further declines. But when the long green candle appeared, the bears quickly destroyed it. The volatility of LTC is greater than most other tokens. The confrontation between bulls and bears is more obvious. Conclusion: Mostly fluctuation. LTC is near the strong support level 63 currently. So we think even if it turns bearish on a large scale, the bulls will still strengthen in the near term. Likewise, 69 is also a strong resistance level for LTC, which is why the bulls strengthened last week and after the price hit this level, the bears quickly strengthened to defend. So like we said, new resistance level is set at 63 and support level is set at 69. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by Sypool
LTC A breakout is around the cornerLooking at the LTC chart, it strongly bounced back after having continuous down trend. A major resistance is waiting around 64.5$ If LTC breaks this resistance successfully then we can expect a decent upward movementum. I'm planning to enter a LONG position after a successful breakout with a tight stoploss. Checkout the chart for trade details, use trailing stoploss to secure your profit and catch maximum profits. Stoploss is must! Follow us for more updates. Cheers!
Long
by GreenCryptoTrades
6
Is Litecoin hinting at an upward move? Long trade #4Historically, in previous years, the price of Litecoin was one of the first to start a growth trend globally and at the same time one of the first to correct. If the previous sentence has aroused your interest, you can check out our previous ideas on the LTCUSDT ticker, where we described it in more detail and showed it on charts. So, let's try to assume that the painful correction of the LTCUSD price is already over, which means it's time to grow. Therefore, we suggest a long trade for LTC on the following conditions: Enter = 66.51 Stop = 63.97 (-3.9%) TP = 80.24 (+ 20.6%) P/L ratio = 5.4 Traditionally, we allocate $10,000 for this trade . In the event of a mistake, we will lose $390. If the trade works according to our scenario, we will receive a profit of $2060. What do you think of this trade, and what is your vision of the Litecoin market? Write about it in the comments!
Long
by P_S_trade
26
LTC Fractals : Unlocking the Power of Repetition 📊🔁ŁGreetings, fellow traders! 🚀 Let's delve into the captivating world of fractals – a concept that reveals the art of repetition in trading patterns. Today, we'll explore the phenomenon of the Double Bottom pattern on the Litecoin chart. Brace yourself for insights into the power of fractals in forecasting market movements. 🔍 Understanding Fractals: Picture fractals as the echoes of patterns across different time frames. Just as nature exhibits patterns that repeat at various scales, trading charts also showcase fractals – smaller patterns that resemble larger ones. 📉 The Double Bottom Tale: A Double Bottom is a classic bullish reversal pattern. It consists of two distinct troughs at nearly the same price level, forming a "W" shape on the chart. This signifies a potential trend reversal from bearish to bullish. 🔄 Fractal Repetition: Here's where fractals come into play. A Double Bottom pattern on a smaller time frame can mirror a larger Double Bottom pattern on a higher time frame. The repetition of this pattern underscores the market's inclination to follow similar dynamics. 🚀 The Power of Recognition: Identifying a Double Bottom pattern on the Litecoin chart can offer insights into potential price movements. A successful breakout above the pattern's neckline could signal a bullish momentum. 💡 Insights for Traders: The concept of fractals teaches us to look beyond the surface and recognize patterns that repeat across time frames. Understanding these echoes can equip traders with enhanced analytical skills.
Long
by Yaroslav_Krasko
3
✴️ Litecoin | Great EntryWe just experienced the strongest correction/bearish action since the bear market, before June 2022... This can be good. We are looking at Litecoin (LTCUSDT) on the weekly timeframe. Bear-market bottom low June 2022. A strong bullish wave, peaks July 2023, more than a year after the low. Strongest correction in more than a year follows with 7 weeks dropping, the last week strong, full red. The week that follows is a Doji and closes green. This week is green again. The drop stopped before hitting the 0.786 Fib. retracement level relative to the entire bullish wave (from June 2022 through present time). And so, this can be a great entry. I am no longer sharing the full numbers with leverage as I did earlier this year but I personally would go long here. A major correction ending can lead to a change of trend. Taking into consideration the halving, this change can be for the long-term. A good entry now can into something really big, it can be great. This is not financial advice. Do your own research. Be smart, be patient; Opportunities are endless... If you miss one, another one will come and take its place. When one door closes, millions of new doors open. Look at the stars. Enjoy the sun and the full moon. Thank you for reading. Enough for today. Namaste.
Long
by MasterAnanda
3